Job title : Finance Specialist: Incentives & Human Capital Control and Reporting Manager (Sandton)
Job Location : Gauteng,
Deadline : December 13, 2024
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Job Summary The Reporting and Cost Management team, a sub-team within Group FP&A, is responsible for: overall financial Reporting across Absa Group (monthly, quarterly, half yearly and annual) support the planning and financial control teams with half year and year end booklets managing the end to end of the Group Balanced Scorecard (from initiation to reporting on the results as they emerge). perform frequent ad hoc analysis and research, often related to presentations to Exco, the Board and other sub committees of the Board Supporting Exco, REMCO and the Board on STI and LTI planning, forecasting and reporting This role supports the preparation of these key deliverables and provides analysis and inputs into these processes.
Job Description Accountability: Assist the team in team executing the following deliverables to Exco and other members of senior management: The Finance Specialist: Incentives & Human Capital Control is responsible for reporting and advising on all finance-related aspects of Group incentives, with a particular responsibility for the accounting and control of Group-wide share-based payments and Group FTE management.
Job Description Providing financial insights on Group-wide incentives to key management committees including but not limited to Group Exco and the Group RemCo in support of appropriate and effective decision-making. Developing and running financial models in support of both short term and long term incentive decisions for the organisation. Sharing of technical knowledge within Human Capital Control and the broader Finance team both central and in-business. Ensuring that established controls are adhered to, to address applicable risks and enable accurate accounting and reporting of Group-wide share-based payments and headcount, both internally and externally to the market. Ensuring the completeness and accuracy of the forecasting and budgeting for Group-wide share based payments and other incentive costs. Production of monthly management information for incentive costs and headcount trends for comparison against forecast/budgeting data with articulated reasons for variances in support of decision-making. Monitoring and reporting of incentive trends in the industry in support of internal financial insights and decisions. Continuously seeking to improve existing processes and build efficiencies and effectiveness. Assist Internal and External audit requests.
Other areas of responsibility Maintain and coordinate the Balanced Scorecard reporting processes for the Group. Coordinate the preparations of Emerging Views during the financial year. Coordinate the preparations of the final BSCs for the group at the end of the financial year. Coordinating the performance of Organisational Health Assessments for Group, BUs and Functions. Participate in the month end reporting process starting with Flash reporting till Exco report and (GACC and Board when required) Prepare financial reports, including monthly, quarterly, and annual financial statements, to executive leadership. Analyse financial performance, identify trends, and provide actionable insights to senior management Assist the Planning team with Outlook/RAF and STP processes as required Support the planning and Financial Control teams with half year and year end booklets and the integrated reporting processes Lead on other ad hoc projects as is required Attend meetings to get briefing on work allocations to understand and complete their tasks to achieve team
Accountability: Ad-hoc requirements/submissions Execute ad-hoc queries daily that are dependent on external and internal requirements and vary considerably throughout the year Attend meetings as is required
Accountability: Cluster Relationship Manager (CRM) roles Communicate with BUs and Functions and relay critical information and requests. Perform all other duties as reasonably assigned. People Investment Accountabilities
Peer responsibility: Engage and develop finance and business savvy leaders. Play to our A-Game culture of culture of inclusivity, diversity, entrepreneurship, and ownership. Network with finance colleagues across Group Finance and create awareness of challenges, opportunities and issues and encourage collaboration Focus on Finance skills evolution and remaining relevant. Maintaining and strengthening relationships with key stakeholders across the organisation, e.g. People Function, (including People Experience), Finance Business Partners, COO's and CFO's.
Role/Person Specification Qualifications and experience: B Com degree with Honours or Masters (major in Accounting, Financial Management or Economics) CA (SA) / CIMA (5-8 years post qualifying) Non-CA (SA) / CIMA (7-10 years' experience in Financial Services organisation) Able to work effectively across a multi-service Financial Services organisation Previous exposure to financial management reporting in a complex large organisation
Knowledge and skills: Advanced Financial Accounting Analytical skills Self-driven and good interpersonal skills Attention to detail Deadline driven Advanced Excel and PowerPoint skills Experience in handling big data Some knowledge of dashboards and PowerBI
Preferred: Knowledge of financial markets Knowledge of economics
Competencies: Deciding and initiating action Learning and researching Entrepreneurial and commercial thinking Relating and networking Adapting and responding to change Persuading and influencing Creating and innovating
Education Postgraduate Degrees and Professional Qualifications: Financial Sciences (Required)
Accounting / Financial Services jobs